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Castle Street, Hinckley, Leicestershire, LE10 1DA

£675,000

£119.45 per sq ft

Business rates & charges may apply

Wards Commercial, Hinckley
SIZE AVAILABLE

5,651 sq ft

525 sq m

SECTOR

High street retail property for sale

Key features

  • 13 - let to Savers Health and Beauty Ltd expiring January 2036 at £25,000 pax
  • 15 - let to Sportswift Ltd t/a Card Factory expiring September 2027 at £22,500 pax
  • Total passing rent £47,500 pax reflecting an attractive NIY of 6.75%
  • Longer term development potential to convert uppers to residential
  • NIA - 5,651 sq ft (525 sq m)

Description

RETAIL INVESTMENT OPPORTUNITY - TENANTS UNAFFECTED. The subject property comprises two prime retail units let to national retailers in the prime retailing pitch of Hinckley town centre.

13 Castle Street is let to Savers Health and Beauty Limited and 15 Castle Street is let to Sportswift Ltd t/a Card Factory. Both units comprise a highly prominent retail premises, arranged over three floors, which benefit from ancillary stores, kitchen and WC facilities to the rear and above.

Externally, there is a shared yard area to the rear of the properties, accessed from Church Walk.

There may be future development potential (STPP) to convert the upper parts to residential.

Brochures

Castle Street, Hinckley, Leicestershire, LE10 1DA

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Hinckley Station0.4 miles
  • Nuneaton Station4.0 miles
  • Bedworth Station5.9 miles

About Wards Commercial, Hinckley

20 Station Road, Hinckley, LE10 1AW

Wards Commercial provides a comprehensive range of professional services for the letting, sale and acquisition of commercial properties.

Wards have been the leading commercial agents in Hinckley and South West Leicestershire since establishment in 1988 and provide agency services for retail, office, industrial and warehouse premises in the Leicestershire, Warwickshire and wider Midlands markets.

Our team of qualified Chartered Surveyors utilise their exceptional knowledge of the local and regional property markets to ensure that the best outcome is achieved for our clients in an efficient timeframe.

Wards are able provide agency valuation advice for both sales and lettings on an informal basis prior to instruction on a no-obligation basis.

Wards are regulated by the Royal Institution of Chartered Surveyors (RICS) which offers our clients confidence and security as the firm practices to globally recognised ethical and professional standards and can be trusted to deliver high standards of service. We are also members of the RICS Client Money Protection Scheme which provides protection for clients in instances where an RICS Regulated firm is unable to repay a client’s money, up to the limits and exceptions set out in the scheme rules.

Wards are members of NAEA and ARLA Propertymark, representing the highest in property professionalism. There is no mandatory regulation of estate agents. The idea that ‘anyone can become an estate agent’ is not far from the truth. By using a NAEA Propertymark estate agent you are guaranteed to be consulting with a professional agent who can give you up-to-date advice and guidance.

Notes

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